AIG long term bottom fishing

[nazzdack]

They could cut the dividend as a symbolic measure AND increase their premiums for all lines of insurance. We'll see.

 

[Bowgett]

Quote from turkeyneck:

Pretty close to what I have 7.84. BTW, will AIG cut dividend like Citi?

No. Their payout ratio is small. There is no need to cut dividend.

 

[Bowgett]

Quote from turkeyneck:

Any thoughts on 35 as an entry point (short put)? That's 20% lower from here.

March puts dropped by 50% since yesterday already.

 

[turkeyneck]

Quote from Bowgett:

March puts dropped by 50% since yesterday already.

Dead cat bounce. I'm patiently waiting for a better entry point than this.

 

[turkeyneck]

It's going up while the market is taking a dump. Has it really bottomed or the MMs are playing with the Feb 45 option guys?

 

[nazzdack]

Shhhh......(rhymes with muffett)